When the reserve Bank last dropped interestr rates, here is what Joe Hockey said:
"
further drop in interest rates will signal a deteriorating economy
, not good news for business and consumers, shadow treasurer Joe Hockey says.
The Reserve Bank is widely tipped to cut rates from 2.75 per cent to 2.5 per cent at its board meeting on Tuesday afternoon.
Mr Hockey says the expected cut shows Labor has lost control of the economy.
'Of course interest rates on average should be lower but
if interest rates come down today it is because the economy is struggling, not because it's doing well,'
he told ABC radio on Tuesday morning."
http://www.skynews.com.au/businessnews/article.aspx?id=893845The reserve bank is widely tipped to lower interest rates again at it's next meeting. I am wondering What Mr Hockey will say then - noting he will be treasurer